Okay I've edited the scenarios to correct the math. So scenario 1 tax savings would be $5,860, and scenario 2 total savings would be $8,000. based on AGI of 125K
Scenario 1
FSA dependent care dollars $10,500
(FSA pretax savings = 2310+800= $3110)
Child and dependent Care $18,000
Total credit would be $3750:
16,000-10,500=7500, 7500*.5 =$2750
Scenario 1 total savings = 3110+2750 = $5,860
Scenario 2
FSA dependent care dollars $0
Child and dependent Care $16000
Total credit would be $8000
16000-0=18000, 18000*.5 =$8000
Scenario 2 total Savings = $8000
